Losses aren’t taxable losses until realized (even if they suck). If no sale or other taxable event, no taxable loss. #TwitterTaxTip (For more on twitter
Read MoreCategory: individual
Ask The Taxgirl: Social Security Overpayments
Taxpayer asks: Hi, I work for a company and am currently deployed to Iraq. I had met the Social Security Cap for withholding mid 2008
Read MoreAsk The Taxgirl: Firefighter Meals
Taxpayer asks: I am a Fire Fighter. We work a 24 hour shift with no designated time (or time off) for meals. Therefore, we take
Read MoreMaking Work Pay Credit Could Surprise Some Taxpayers In 2010
Note from Taxgirl: I’ve written a few pieces about the credit since this piece originally posted. Many of the questions and comments related to this
Read More“Stimulus” Ads On Facebook, Other Sites Do Not Ring True
If it seems too good to be true, it probably is. Keep that adage in mind this tax season. There are a number of scams
Read MoreAsk The Taxgirl: Amending Your Return
Taxpayer asks: Dear taxgirl, I was in college until May, and have been supporting myself since. I just filed my taxes for free at turbotax.com,
Read MoreFix the Tax Code Friday: Personal Debt Cancellation
It’s Fix the Tax Code Friday! This week, I’ve been fielding a number of questions about forms 1099-C (debt cancellation). Under the Mortgage Forgiveness Debt
Read MoreAsk The Taxgirl: Foster Child
Taxpayer asks: Can I claim my foster child as a dependent? Taxgirl says: Yes, assuming that your foster child meets all of the other dependent
Read MoreAsk The Taxgirl: RRC & Dependents
Taxpayer asks: Hi Tax Girl, I thought I’d see our accountant today but she’s out, then I found out about you! My parents claimed me
Read MoreTwitter Tax Tips #10
If you file MFS and your spouse opts to itemize, you must also itemize your deductions. #TwitterTaxTip (For more on twitter tax tips, see my
Read More